The Virginia Senate Committee recently proposed an annual fund allocation of $39,240 to support two newly formed commissions centered around artificial intelligence (AI) and cryptocurrency. This decision came after a recommendation was put forward by a Subcommittee of Virginia’s Senate Finance and Appropriations Committee on February 18. The allocated funds, which total over $23.6 million
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In the recent days, Bitcoin has shown remarkable performance in the market, surpassing the $50,000 mark for the first time since 2021. Despite some sideways movement, the cryptocurrency has managed to maintain its position above $51,000. However, a leading crypto analyst has raised concerns about a potential bearish trend in the near future. Prominent crypto
The recent approval of Bitcoin ETFs has sparked excitement among investors eager to capitalize on potential bullish price movements. However, the introduction of these instruments also brings forth a new set of challenges for the industry. Instead of holding actual bitcoins, investors will receive paper certificates, effectively introducing counterparty risk to a technology designed to
Recently, US prosecutors have taken a strong stance against Binance for its involvement in money laundering and sanctions violations. The plea deal put forth by prosecutors seeks to hold Binance accountable for its intentional misconduct. The hefty $4.3 billion penalty imposed on Binance is one of the largest in US history, reflecting the severity of
VeChain, an enterprise-oriented layer-1 solution, has experienced a significant price surge recently, sparking interest among investors. The surge in price is attributed to an uptick in community sentiment, fueled by anticipation for a major update expected to be released at the Mobile World Congress in Barcelona. Currently, VeChain is trading at $0.048, representing a 24-hour
The US Security and Exchange Commission (SEC) is under scrutiny once again, as the Office of Inspector General (OIG) investigates cryptocurrency-related financial conflicts of interest. The accountability group Empower Oversight has raised concerns about the failures of the SEC’s Ethics Office and a former official, William Hinman. This article will delve into the details of
The future of spot Bitcoin ETFs and their integration within diversified portfolios was a key topic discussed by industry experts at the Exchange ETF conference in Miami Beach. Matt Hougan, Chief Investment Officer at Bitwise Asset Management, and Ric Edelman, founder of the Digital Assets Council of Financial Professionals, engaged in a conversation with CNBC’s
Lava Network, a leading blockchain project, has achieved a significant milestone in its journey towards revolutionizing data access. In a recent blog post, the company announced that it has successfully raised $15 million in a seed funding round. This funding round was co-led by Tribe Capital, Jump Capital, and Hashkey Capital, with participation from Alliance
In recent trading sessions, BNB price has shown signs of bullish momentum, gaining strength from the $315 support level. With the price now trading above $355 and the 100 simple moving average (4 hours), BNB is poised for further upward movement. This article will analyze key trends and levels to watch for BNB/USD and assess
Ethereum (ETH), the second-largest cryptocurrency globally, is gaining momentum this week as it edges closer to the highly anticipated $3,000 mark. With the current bullish sentiment, investors are wondering if Ethereum has the potential to reach an impressive $4,000 by the end of February. Increasing Popularity of ETH Staking One key factor contributing to Ethereum’s